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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,800
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Remarkable opportunity to own 19 acres of land in Flamborough (2 municipal addresses, 1 parcel). Mins away from Waterdown & nestled in between HWY 401 & 403. This expansive property offers a blank canvas for your imagination to flourish, it currently has a trailer w/ an outdoor covered area & solar power. The land also has a sturdy hand built greenhouse & sheds. The land provides an unobstructed open portion, forested area & some wetland. There is a drilled well with a depth of 110'. Hydro available at the main road. Survey available upon request detailing the potential building area & topography. An added bonus is the Rogers tower, occupying a small portion of the land, taxed at commercial rates & with its own municipal address. Rogers compensates generously for this lease & takes care of its proportion of the annual property taxes, contract available. This existing arrangement can provide a stable income stream while you explore other possibilities for the rest of the property. **** EXTRAS **** No representation or warranty will be made by the Seller for the various development opportunities that this vast parcel holds. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
440-460 6 Concession Rd W
Postal Code
L8B1M7
Location Highlights
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Listed by
KELLER WILLIAMS COMPLETE REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$799,800
Asking Price
$799,800
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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